"Advises and invests in technology and energy based companies and currently has a 2.5% stake in North Sea oil and gas company Faroe Petroleum.."
http://www.parkmeadgroup.com/parkmeadgroup/

"Mr. Tom Cross has become Executive Chairman. Mr. Cross has been a non-executive director of the Group since October 2006. He will take up office as Executive Chairman on 9 November 2010.
Mr. Cross is founder and Chief Executive Officer of Dana Petroleum plc, which is currently being acquired by the Korea National Oil Corporation in a deal worth approximately $3 billion dollars. He is a Chartered Director and petroleum engineer with extensive energy sector experience, spanning projects in more than 20 countries. In 2005, Tom was elected Chairman of BRINDEX, the Association of British Independent Oil Companies and he continues in that role. He is a Fellow of the Institute of Directors and has served as a Chairman of the Society of Petroleum Engineers and an advisor to BBC Radio on oil and gas affairs."

The Board of Parkmead reports that Mr Brian Wilson and Mr Faysal Hamza are retiring from the Board as Non-Executive Directors with effect from 21 December 2010.

Mr Wilson and Mr Hamza have served Parkmead with distinction, through a period of significant change in the Group, culminating with the successful acquisition and integration of Aupec Limited. They will continue to play a role within the Group in an advisory capacity.

The Board is also pleased to announce the appointment of Mr Philip Dayer and Mr Ian Rawlinson as Non-Executive Directors of the Group with effect from 21 December 2010.

Philip Dayer was a Non-Executive Director of Dana Petroleum plc from 2006 until its recent sale. Mr Dayer has over 20 years of public market and corporate finance experience.
Ian Rawlinson was also until recently a Non-Executive Director of Dana Petroleum plc, serving from 2005 until its sale in 2010.

Its looking great today.

Due to this:
PARKMEAD AND DEO SIGN STRATEGIC PARTNERSHIP IN CENTRAL NORTH SEA

The Parkmead Group plc ("Parkmead") and DEO Petroleum U.K. Limited ("DEO") are pleased to announce the signing of a strategic alliance agreement pertaining to certain areas of the United Kingdom Central North Sea. The companies have agreed to pursue joint opportunities and collaborate together on a 50:50 basis in three specific areas within the UK Central North Sea. The collaboration arrangements in these areas will initially span the period through to December 2013. In addition to working together in the anticipated UKCS 27th Licensing Round, Parkmead and DEO are also looking at joint acquisition opportunities in the identified areas. The parties have also agreed, subject to the necessary regulatory consents, that during the application, bidding and exploration phases Parkmead will act as exploration operator for the partnership, and following commercial discovery DEO will assume the role of development operator.

Tom Cross, Executive Chairman of Parkmead commented:

"This strategic partnership is a win-win for both companies and we are very pleased to be working with DEO, whose core skills are entirely complementary to Parkmead's. Our combined teams share a deep understanding of the North Sea and this collaboration will allow both companies to create and accelerate significant value for our respective shareholders."

I am confident after yeaterdays press.

Up nearly 20%!!! The market sees every bit of news as good. Hope it continues.

does it now? ..... on 16th may sp was about 18.5, yet even after this morning's little rise, sp is only 16.5 ...... i'll say it again, and be happy to have egg all over my face - pmg's sp is (currently) all held together by smoke and illusion

I would say 'hope and expectation' rather than 'smoke and illusion', but I agree that PMG have achieved little so far. But as Tom Cross virtually walks on water as far as the market is concerned, the theory is that if anyone can do it, he can.

i see little difference between "h+e" and "s+i" except the latter is perhaps a more realistic description especially if you are just relying on someone who allegedly walks on water

Exercise of Options
The Board announces that, following the exercise of options under the Group's share option schemes, 500,000 ordinary shares of 0.1 pence each in the Group have been issued and allotted.

Accordingly, application has been made for the 500,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 03 June 2011.

The new ordinary shares will rank pari passu with the existing shares of the Group. Following this allotment, the total issued share capital of Parkmead will be 609,601,823 ordinary shares.

FPM struck oil in Shetland. Would expect PMG sp to now reflect their interest in this find.

Chart wise its getting off the lows.

Only news of an acquisition will get this going, imo. Even Faroe Pet hitting oil off Shetland didn't have much of an effect.

I agree there Harry..

ot...have you seen NEW today could be the next Parkmead.

you mean NEW is another cardboard company?

Yes I have 500 invested in NEW I have booked a holiday to go to the Valley of the Kings .

the necropolis in cairo may be as far as you get

On the banks of the river nile.

StockMarketWire.com
Parkmead executive chairman Tom Cross has replaced chief executive Niall Doran who has stepped down with immediate effect.

The board thanked Doran for his efforts on behalf of the company over the last five years and wish him every success in his future endeavours.

hmmmmmmmmmmm - few more people step down like this and the sp will fly!!

He has 33,485,616 Exercisable Stock Options, so might not see a rise yet if the parting of the ways was not amicable.

This is better.